CLAIM #30350 · Honeywell International Inc (HON) · 2023Q4 earnings call · Feb 1, 2024 · due Dec 31, 2024
“So all-in-all, advanced material should have a better year in 2024 compared to what we had in 2023.”
Vimal Kapur · CEO
In context
“estion, the business has returned to growth, just what are you seeing, maybe in a little bit more detail, driving positive outlook for 2024. I think [indiscernible] is constructive there as well. And maybe you can throw in a lot of questions on semis. I guess that's part of it as well, just if you expand on that. Thank you. Vimal Kapur: Yes. Thanks, Andrew. Yes, we do see recovery in semis modestly increasing. Every month is becoming modestly better. So that's part of our forecast for 2024. We also saw in Q4 recovery in some segments of chemicals in short cycle. And we expect that to roll over in 2024. So the short cycle recovery on a broader Honeywell portfolio is not a one event. So it's going to happen in different portions. So chemicals happened late Q4 and we expect that to continue. So all-in-all, advanced material should have a better year in 2024 compared to what we had in 2023. Andrew Obin: Thanks so much. Vimal Kapur: Thank you. Operator: Thank you. Our next question comes from the line of Nigel Coe with Wolfe Research. Your line is now open. Nigel Coe: Thanks. Good morning. Thanks for the question. And Vimal, congrats on the Chairman role. There's lots of modern questions, so here's a few more. Well, a couple more. Pricing, I'm not sure if you've caught up price, but maybe if you just talk about what you've [indiscernible] pricing in your revenue bill. But it seems that we're entering the year with two of the segments down pretty heavily. Maybe just talk about how you see that break back to growth for IA and ESS. Is that in the second quarter, is it more second half loaded? And perhaps maybe talk about what you've seeing in the order rates to maybe support the”
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SEC filings for HON ↗ · Claim quote is verbatim from the 2023Q4 earnings call.